EUR/USD

The pair continues to consolidate after Fridays sell off and has formed a pendant. A break to the upside would see bulls target 1.1100, 1.1125 and 1.1150. However, should bears manage to break below the 1.1075 level, we would se them target 1.1050, 1.1025 and 1.1000.


EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1.1036 1.1053 1.1073 1.1090 1.1110 1.1127 1.1147
Weekly 1.0817 1.0930 1.1008 1.1121 1.1199 1.1312 1.1390
Monthly 1.0771 1.0862 1.1015 1.1106 1.1259 1.1350 1.1503
 

GBPUSD

The pair continue to be squeezed lower as bears made their way below 1.3000 and currently testing the 1.2975 support zone, a break of which would expose 1.2950, 1.2925 and 1.2900. Resistance is at 1.3000, 1.3025 and 1.3050.


GBPUSD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1.2939 1.2982 1.3011 1.3054 1.3083 1.3126 1.3155
Weekly 1.2579 1.2799 1.2936 1.3156 1.3293 1.3513 1.3650
Monthly 1.2165 1.2481 1.2849 1.3165 1.3533 1.3849 1.4217
 

USDJPY

The USDJPY continues its retrace iof the recent sell off and is currently testing the 23.6% fibo of the move, should bulls manage to capture 102.50, we would see bulls drive for 102.75, 103.00 and 103.25. However, should bears capture 102.25, we would see them try to reignite the bearish trend with targets at 102.00, 101.75 and 101.50.


USDJPY
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TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 100.91 101.31 101.38 102.27 102.83 103.23 103.79
Weekly 98.53 99.59 100.70 101.76 102.84 103.93 105.04
Monthly 91.60 95.81 99.07 103.28 106.54 110.75 114.01
 

GOLD

Gold continues to consolidate between 1330 and 1340, should bears capture 1330, we would see further downside to 1320, 1310 and 1300. However, should bulls capture 1340, we would see them target 1350, 1360 and 1370 as the bullish trend resumes.


GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1321.40 1324.60 1329.00 1332.20 1336.60 1339.80 1344.20
Weekly 1292.44 1313.07 1324.74 1345.37 1357.04 1377.67 1389.34
Monthly 1251.66 1281.08 1318.61 1348.03 1385.56 1414.98 1452.51